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the internet . two golf greats, driving a message to tax happy lawmakers. see if their message is heard. cashin in kicks off right now. good morning, i am eric bowl glad you are joining us. mr. wayne rogers and johnathon honic and tracey burns and sandra smith and dennis. welcome everyone. forget the pay roll tax hike and fiscal cliff deal. senator chuck schumer making no secret tax hikes are coming. tracey much like phil mickleson enough is enough. >> eric enough is enough. i barely saw my paycheck. i am glad phil mickleson spoke out. he can leave and go to another one of his homes if the estate taxes are too high. >> i can't. unless we move the new york study is itio. i got to live near my job. i don't have that luxury. >> johnathon aren't we taxed enough already. >> we are indeed . states like new york and eric you are talking about 60 percent of your earnings. no wonder they are leaving in droves. high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labo
, pro golfer, says that high taxes may drive him out of california. we've got discussisuggestions w should consider if he moves. and hillary clinton, her legacy as she prepares to leave washington at least for now. now. >> we will respond to the threat of climate change, knowing the failure to do so would betray our children and future generations. >> paul: welcome to the journal editorial report, i'm paul gigot. that was president obama in his inaugural address monday, promising to make global warming a top priority in a second term, it's an issue that is sure to bring some fierce policy showdowns, the first of which may come under the keystone xl pipeline since 2008. and a revised route through nebraska this week, the final hurdle to the project at the state level and 53 senators, including 9 democrats sent a letter to the white house on wednesday urging president obama to expedite its approval. and joining the panel this week, wall street journal assistant page editor, james freeman and senior economics writer steve moore and washington columnist kim strassel. kim, where did tha
in his second term. why that may end up costing you big. plus, pro-golfer phil mickelson says high taxes may drive him out of california. we've got some suggestions on what states he should consider if he moves. and hillary clinton's swan song. look at her performance this week on capitol hill and her legacy as she prepares to leave washington, at least for now. >> we will respond to the threat of climate change. knowing that the failure to do would betray our children and future generations. [cheers and applause] >> welcome to the journal. editorial report. i'm paul gigo. that was president obamahi prom messing promising to make global warming. first may come over the keystone excel oil pipeline which has been under review since 2008. governor proposed a revised route for the pipeline through nebraska this week. the final hurdle to the project at the state level. and 53 senators, including nine democrats sent a letter to the white house on wednesday s urging president obama to expedite its approval. joining the panel this week "wall street journal" assistantan editorial page editor jam
control, and tax hikes. you notice anything missing? bob cusak and sabrina says democrats are embolden this time and spending cuts last on the list. bob, first to you. bob, the president is essentially a lame duck, the second term, 16 months. that's a lot to deal with in 16 months. what's first on the agenda, do you think? >> first is gun control, and, obviously, this was before the connecticut shooting, but he did not talk about it in the first term. he didn't push it. he's going to be pushing that, pushing immigration, pushing climate change, but spending is not on his agenda, cutting spending. i think he was interested in 2011, almost got a deal with speaker john boehner on a grand bargain on entitlement reform, crafting a budget now. i don't think you're going to see major cuts in that. it's a significant shift. remember, obama said the deficit kept his awake in the first term. through his actions, you know, he's not pursuing a lot of cuts and changes to entitlements. liz: what is feasible for the president to get through with a window of 16 months? gun control? what do you think h
. >> sean: now, the president just got his big tax increase, he got everything he wanted and now he says he wants more. now, chuck schumer is saying, i'll play this in the next segment that he wants tax reform, but tax reform means another increase of revenue, in other words, another increase in taxes. is this negotiatable? will house republicans hold the line? and how do you stop this president? i mean, can you shut down the government? are you willing to shut down the government if the president won't deal with entitlement reform where all the spending is? >> look, you have to deal with entitlement reform if you want to save medicare, that's where the president has been so wrong. we've passed one of the toughest budgets anybody has looked at saving medicare and we grow the economy 13 million people are out of work, we put them back. this is a very conservative congress, and we've stand on ours, and this fight will put us on stronger ground and more importantly shall the american people are going to be with you from the statement if you can't pass the budget you shouldn't be paid and how c
cuomo from erik. james says in connecticut there are two major problems, the deficit and more taxes. both problems are created by one party rule. what are the big issues in your state? join that conversation on facebook by looking for c-span. let us take a look at the balance of power in state. we can see here who controls the governors' seats. 30 republicans states in red, 19 democratic, and one independent in rhode island. but as your what ray has to say on our democrats line. caller: good morning. i wanted to say that i believe here in the state of texas -- our standard of living is what keeps is going. nobody can live on $7.25 hour. our standard of living is so below the economy it should be at $12 per hour. everything is so expensive right now. it should be, at the very least, $12 per hour. host: you are calling to raise the minimum wage? caller: yes, ma'am. if everybody makes at least $12 an hour, this country would boom so fast. here in the state of texas -- i think it is everywhere. the corruption of the governor and the mayor. big corporate donors, big business owners. they
yesterday the lack of any talk of fiscal restraint. we know regulations, taxes are going up 2013. kudos to corporate america for pulling in these numbers in this environment. >> how about david garrity? you want to weigh in on these numbers. >> 4% gain on the stock. >> on the ibm numbers, fear there would be around the conference call four years ago. their main stram, which they just launched to september saw good acceptance in the fourth quarter and all the concerns that people had about corporate investment and all that because of the fiscal cliff issue, tax reform. obviously these being put bait by what numbers are being put up in terms offing revenue strength. ibm a good bellwether versus tech bjorklund and paul, david, thipg thank you. my friend snow greco, when do you think in the market will go higher? >> i'll just plead the fifth on that. >> all right. i hear you. thanks for joining us. michael, rich, always good to see you. >> thanks, guys. >> to wrap up, ibm's solid beat on the bottom line and top line better than expected. >> google. top line. bottom line, we're working on it
and leave high tax california? of course he should. we'll discuss his comments. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> presidential inaugural addre addresses are supposed to be less than a campaign speech. listen for yourself. >> fidelity requires new responses to new challengemis. preserving freedoms requires collective action. to me that spells more government. but listen to this next one. >> the co
increases do not reduce the deficit because every dollar of tax increase leads to, of $1.17 in additional spending but spending more money to people who will waste it only encourages them. we are not sending any more and. >> most economists agree you need a comprehensive mixed of cuts and increases. liz: i am done with the economist. we tried that and look where we are. we have a huge entitlement problem. >> also in the uk we have that. liz: britain is not the size of the united states. we have different issues. >> yes but we have to much austerity you do not want to go our direction. liz: you have been terrific. have a terrific weekend. thank you for watchingre's praye stock, everybody. >> money is next. melissa: here's what's "money" tonight. tim guy near -- geithner out the door, and president obama said he was one of the best ever. we have his report card and whether jack lew can do better. may be the end of the union as membership plunges to a 97-year low. there could be one thing to save the union. we have the former chief here to explain, and there's swatting and m
other than taxing the rich did nothing to give us deficit reduction or offer accommodations or not entitlement spending that's the longer term debt driver. melissa: susan, talk on the stimulus, how much is directed by him, and how much he had control over or warn what was coming down the road in terms of the bills. what do you think? >> there's revisionist history going on with my fellow panelists, i think. part of the negotiations around the stimulus at that time, republicans wanted even more of the stimulus to be in the form of tax cuts. one-third was tax and two-thirds stimulus. they already didn't like the plan. this was a negotiated solution what we had, and so the idea of putting more money into infrastructure, absolutely, all for it, and tim would have been too 6789 what's the political environment you operate in, and it was not going to happen at that time. unfortunately, that problem persisted, but if you remember, you know, take yourself back to the fall of 2008, beginning of 2009, and you look at the tenure here. we had gdp contracting at, like, 8%. we were hemorr
. particularly we passed by a powerful bipartisan vote of 89-8, a bill that avoided tax increases for 99% of americans and extended emergency unemployment benefits for another year and protected us from the fiscal cliff. when it comes to legislating, the senate actually has a pretty strong bipartisan record. how did those senate bills do on the house side? well, the house couldn't pass its own highway bill. congress has been doing highway bills since the eisenhower years. this isn't rocket science. the house couldn't do one. the best the house of representatives could do was to pass a short-term extension that allowed some of their members to get to conference on the senate bill. but they took no bill into conference because they couldn't pass one. even then they delayed the conference negotiations and they cost the united states of america an entire summer construction season for highway construction, putting thousands of jobs in jeopardy before they finally came around and passed an amended version of the senate bipartisan highway bill. so their record on the highway bill is nothing to
and the no new taxes pledge and the black caucus, threats against anyone who cuts any hint of services and entitlements. scared of the aarp, ending anything having to do with retirement or medicare. >> and in the end of the day we'll be in default and like the story, f. scott fitzgerald-- or hemingway, went broke during the crash and he asked how it happened and he said gradually and then all at once, that's what will happen to us. >> one thing at that doesn't stop, the meter, the debt meter, mountain of debt. >> on and on. the average family in this country $52,000 your share of the federal debt and let me tell you, even if the left and right agree where to cut and give you an example here, there is an example, the christopher columbus foundation, $450,000 line item in the budget and congress tried to kill it it seven times, seven times this program continues to this date. and the president tried to kill this program. it still goes on, and these guys can't save money for love or money. >> and charlie, were you standing up for the christopher columbus thing? or were you the one in the
to pass a budget, but the senate cease going to pass a democratic budget, one that raises taxes and probably increased spending, too, and what good is that? we're not requiring the senate to balance the budget in ten years, 25 years, or ever. i don't know what good is coming from the deal. you're right. it's unfortunate, and it's a retreat. remember this, he may not have the votes to pass it tomorrow. conservatives in the house can still step up and say, no, listen, we're doing something today. today is the day to save the nation and children. neil: could be the argument that, you know, cooler heads prevail, get the ducks in order doing this in may versus now. i think on both party's houses for just delaying making such decisions, period. >> we've been kicking the can for a couple of years, if not longer, others argue that, but i think having this conversation four times a year for the next couple years or however long it takes is a really, really bad idea because the margs needs stability. businesses need stability. >> maybe not. the markets are fine with it. >> creditors need
phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spike. cbc could come down 11%. it was down 15% last quarter. then we have the nexus 7 and nexts 10 tablets. in q3, some analysts estimate google sold around 100 million tablets. and then you have motorola, and i am hearing the mobile phones are not selling that well. last
's taxes. with taxes spiking the rich are fleeing for the borders. how much can the state take from the wealthy before there is nothing left? today's "money" power panel weighs in. >> didn't think new york apartments could get any smaller? oh how wrong you are. micro apartment are coming to the big apple. could the miniature spaces bring big profits to the developers and will they spread to more cities? one of the architects is here with the details. even when they say it's not, it's always about money. melissa: first let's look at the day's market headlines and today's market moment. the beat goes on for the bulls. strong earnings from the likes of ibm, and google helped give a boost to stocks. the dow and s&p 500 hit fresh five-year highs. the blue-chips rose 66 points. apple earnings are sliding after-hours. the company reported fiscal first-quarter earnings just a short time ago, beat expectations on the bottom line. came in a bit light on revenues. mcdonald's shares climbed. it beat expectations on the top and bottom line in the fourth quarter. also reported a solid rebound in
. the consumer is in a worse spot primarily because of tax hikes. supply side economics, right. so apple is a consumer company for the most part and i think that any consumer company will struggle. >> that's an important point. let's follow that point. is part of this apple drop weakness in consumer spending or expected weakness, or is it, in fact, the competition from samsung and the fact that the company is not executing. in other words is it a company story, an economics story, what is it? >> there's a lot of company specific stuff going on just comparables this quarter versus a year ago. that's part of it. it's a maturing company to a degree. it's going through its growth phase. now getting into the phase which hopefully will last a long time you focus on return on invested capital. that could be fine. the market has to adjust to that perception. i think the consumer point is a good one. is the consumer going retrench with higher taxes and we see the jobless claims out the last few weeks -- >> coming down. >> they are looking great. >> is it seasonal or real. we won't know that for a
majority leader eric cantor is there and says the to leaders tax eswill not sigo up. you're watching cnbc, first in business worldwide. >>> we have had a busy, a barrage of earnings. we've had microsoft and at&t and starbucks, all posting their latest quarterly results minutes ago right here on the show. let's get a roundup now that we've had time to digest and read through all the earnings action. rights, bertha? give it to us. >> reporter: not full digestion but a tummy still full looking at the numbers. fiscal second quarter for microsoft beats by a penny. street looking for 75 cents. refnous more or less in line. actually had missed on both the top and bottom line last quarter. take a look at the reaction of the stock. we've got microsoft here. there we go. it's still down, however. sold 60 million windows 8 loy senses. no details on the surface sales. that's something else people may ask on the license call. at&t, strong on the bottom line, and actually missed on both the earnings for the same quarter last year. they said they saw smartphone fans, activated 18.6 iphones and 26% were
this is still a fight between how much spending cuts and how much taxes. the president got his -- >> well, simpson-bowles said let's get rid of the high tax rates. the president doesn't seem to be in favor of that mpt you had $1 trillion in tax increases with obama care. he just got new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man ar
tax, at the time with mubarak and the current president morsi is hardly someone demonstrated he's committed to keeping peace with israel. i want to take a moment and remind our president before he delivers the remaining parts of the deal to morsi, exactly who he's dealing with, mohammed morsi is a muslim brotherhood member, a 9/11 truther, called the israelis descendents of apes and pigs and called them vampires and killers and stands with the palestinians and told an iranian news agency he'll reconsider the camp david accord and pushed through a sharia focused constitution and one more thing, mr. president, he called you a liar and america the enemy. here with the reaction of the troubling story former new york mayor rudy guiliani. you know the first questions that come to my mind are, why would anyone give these planes when they likely will be used to attack israel? >> it's hard to figure out exactly what else they could be used for. explain to me where egypt is threatened. egypt is not threatened by saudi arabia, egypt is not threatened by iran. egypt is not threatened by rus
mickelson forced to apologize for saying he plans to make drastic changes because of the new tax laws. >>> plus, a major development in the petraeus sex scandal. >>> and prince harry brags about killing taliban soldiers. has he actually put the british people in danger? overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. more discounts than we knoweth what to do with. now that's progressive. good morning, turtle. ♪ my friends are all around me ♪ my friends, they do surround me ♪ ♪ i hope this never ends ♪ and we'll be the best of friends ♪ ♪ all set? all set. [ male announcer ] introducing the reimagined 2013 chevrolet traverse, with spacious seating for up to eight. imagine that. >>> our second story "outfront," phil mickelson's mulligan.
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, boarding and stashing my stuff. melissa: looking at your boots. >> income inequality taxes would get rid of it. melissa: that's all the "money" we have for you today. o.c. becker tomorrow thanks to both of you. gerri: -- "the willis report" hello, everybody. i'm gerri willis. tonight, hold onto your wallets. ceos from around the globe telling us how to spend our hard-earned cash for climate change. a look at the billions of waste will dollars and how much it's costing you. end of breakdown a new report showing how many trips to the moon you can take in the amount of time it a stake in the senate to pass a budget. also, one of the highly recommended retirement investments falling short. we will "cover your assets" as we look up for you and your money. "the willis report" is on the case. more on target date funds coming up later. first, tonight's top story, record low temperature sweeping across the united states and langdon, north dakota wind chills but the temperature down to what felt like-51 degrees fahrenheit. imagine, frigid temperatures close dozens of schools and so far two deaths
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
. >> taxing people that have a lot of money is not unfair. we don't need people to be as rich as they really are. >> and for the record bush did spend an astounding 3 trillion per year average over 8 years, but obama spent 3.8 trillion per year so far and that is adjusted for inflation so obama spent 25 percent more. they don't believe there. they think it's all bush. they think it's all bush's fault. >> it's a special kind of kool-aid. it's half worship mixed with mass illusion and they are all drinking it. they couldn't answer the question how are you going to pay for it? look at the riots and protests and killing and tlhreats that ae happening in that country. >> this is the scariest part. i assume we will become greece. i hope we can avoid greece. the reaction of people in greece is not to say gee we messed up we spent too much. it's to be angry about the politicians who want to cut back a bit and how do they take it out? they bomb the homes of tv commentators who support some cuts. >> it's the guy in the box. get rid of him. >> that's the model for us? >> unfortunately that's the road w
in trade, just floating the idea of a carbon tax, how people and ideas on how to spend that tax revenue. this is what happens when you create new revenue streams. these companies are going to come crawling for it. gerri: on sure you heard the president speaking at the inauguration talking about how important investing in green energy is, how he intends to continue, but there is no track record of success with department of energy. what do you say? >> that's exactly right. if you look at the tens of billions that were spent in the stimulus bill, a lot of failure, and the success, again, that is only patting the bottom line of the companies that were successful. take a look at western europe, countries going bankrupt and there are scaling back subsidies. they're not doubling down because they realize that this is a tried and failed approach. exhibit a and b1 not to do this, not to spend hard-earned taxpayer dollars investing in these grain subsidies because they simply don't work and are necessary. gerri: what is really interesting is that we have had an energy explosion in our country. i
with the conservative republican are surprised to hear the answer is more taxes. this time on hospitals. we will diagnose what this means for you no matter where you live plus the did you know these teeseven has been an entire year since president obama's job council officially made? to as to save the economy. are you happy with how things are going? or power panel is here with what should be happening. for all you brides and grooms to my being the case of cold feet, don't despair. a new company lets you buy and sell your wedding. all you have to worry about is the person elected the altar. the woman behind this new business, even when they say it's not, it's always about "money." all right. we start with the first to announce plans on how exactly it hopes to pay for obamacare. a little bit surprising. republican arizona governor says that the tax increase interstate is the answer. the governor proposing a new hospital provided tax, and this is on topple all the taxes we were just three weeks ago. a number of experts and even some hospitals are on board with the governor's new tax hike. wit
Search Results 0 to 49 of about 843 (some duplicates have been removed)

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